People wanted to belief that you can buy a house and they would get rich by the increasing value of their new expensive home. The reason we are in trouble is not because the housing bubble burst, the housing bubble was already inflated in the first place and while it was inflating we decided to borrow more and more money.

We borrowed trillions of dollars and spent all the money on what was imported, and now that the bills are due and we are to broke to pay them back and now we see an implosion. Credit contracted, housing market collapsed, food cost went up etc... None of this is the problem this is just the consequence of reckless consumption and reckless borrowing.

The politicians don't want to take the advice of experts because the advice is to get out of the way and let the recession takes in own course. Let people understand the consequences of what we have created. All of the bail outs is just making it worst its like throwing gasoline into a fire that was started by them. They are getting us into way more debt each year.

The new party will make it worst because now we will have bigger government than before. The government is not the solution, they are the problem. The solution is less government, lower government spending, cut taxes, a better monetary system and basically do everything the opposite of what we are doing now. Americans need to save more and less spending.

The new administration head by Obama as our new president will doom us in.... The government has no wealth all they have is a printing press, but they have no wealth. Obama thinks he will be able to turn this around, but its only an illusion. Obama will collapse the dollar.... The problems ahead are much worst than ever. Once the world senses the problems we are in the global community will not lend us more money. The consequence of this will be huge, our dollar will seek not to exist and nobody will want to lend us more money....

The dollar will implode and when that happens we wont be able to buy anything because the global community will not want us to buy with our worthless bill. Inflation will get so bad that price control will have to be put in place. People need to act quickly and move their US dollar to invest in foreign markets..The new wealth will be created in Asia.

What are your thoughts on this?

Why is our US government so full of incompetent corrupt people who have very little wisdom and very little understanding of past empires and history. Our leaders do not understand the root cause of this problem. They do not understand that this whole problem is because they had so much faith in the foolish economic system that they thought was so great....

All we can do is to pull our money from this sinking ship before it takes us all down with it. We have only two options, to continue to support and fight to stay a REPUBLIC and have less government and leave the people alone, OR become an Oligarchy and live in a nation of tyranny ruled by the elite.

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